Capital works depreciation (CWD) is not showing in the Profit and Loss. How do I resolve this issue?
In Class, depreciation for Plant & Equipment under Division 40 is recorded for tax and accounting purposes. In the Depreciation Worksheet, CWD under Division 43 is for tax purposes and will show as a deduction in Section C of the annual return for the SMSF. This information is available on the ATO website.
CWD can only be recorded using either the Depreciation Worksheet or manually entered.
Refer to the User Guide on Depreciation Worksheet for more information.